Macroeconomic performance and external shocks on small, open economies : the Caribbean experience.
GAFAR, John
Macroeconomic performance and external shocks on small, open economies : the Caribbean experience. - 1996
Discusses various types of external shocks, and presents some statistical estimates of the costs and benefits associated with external shocks. Argues that an outward-looking trade policy forces factor and commodity prices to reflect their scarcity values, and results in a more efficient allocation of resources
Macroeconomic performance and external shocks on small, open economies : the Caribbean experience. - 1996
Discusses various types of external shocks, and presents some statistical estimates of the costs and benefits associated with external shocks. Argues that an outward-looking trade policy forces factor and commodity prices to reflect their scarcity values, and results in a more efficient allocation of resources